Decreasing Assurance is a term life assurance policy designed to decrease the death benefit over time, typically in line with the decreasing balance of a repayment mortgage. This type of policy is cost-effective and well-suited for individuals who wish to provide financial protection for their loved ones, without the need for a consistent, level payout. As the outstanding mortgage balance decreases over time, so does the amount of coverage, ensuring that your policy remains aligned with your family's financial needs.

Level Term Assurance is a type of term life assurance policy that maintains a fixed death benefit throughout the entire term of the policy. Level term assurance coverage ensures that your beneficiaries receive a consistent, predetermined payout upon your passing. Level Term Assurance are cost-effective and are an ideal solution for individuals seeking to provide long-term financial support to their family, such as replacing lost income, covering educational expenses, or funding future financial goals.

A term life assurance policy can be structured on a decreasing term or level term basis, depending on whether your mortgage is on a repayment, or interest only basis, to cover the outstanding balance of your mortgage, ensuring your family's home remains secure in the event of your passing. This type of policy, known as life insurance for mortgage protection, provides a tax-free lump sum to pay off the remaining mortgage balance, relieving your loved ones of financial burden and providing them with much-needed stability.